Oversea-Chinese Banking Corp Ltd was among the top
three performers on the index, up 0.9 percent at S$10.45 and
headed for its biggest daily gain in two-and-a-half weeks, after
Singapore's second-largest bank reported better-than-expected
results on Friday. Trading volume, however, was less than 15
percent of the 30-day daily average.

CIMB analysts maintained their "underperform" call on OCBC,
out of concerns that the bank's profit mainly came from its
insurance subsidiary and credit quality appeared to be on the
slide.

"Clearly, the credit cycle is as good as it can be and will
deteriorate from here," they wrote in a research note, noting
that the NPL (non-performing loans) ratio increased to 0.8
percent from 0.7 percent in the previous two quarters.

Genting Singapore PLC shares were flat ahead of
results due after market close on Monday.